Delaware UCC definition

Delaware UCC means the Uniform Commercial Code as in effect in the State of Delaware from time to time.

Delaware UCC means the Uniform Commercial Code as in effect on the Closing Date in the State of Delaware.

Delaware UCC means the Uniform Commercial Code as in effect on the date hereof in the State of Delaware (without regard to laws referenced in Section 9-201 thereof).

Examples of Delaware UCC in a sentence

• The Indenture creates a valid and continuing security interest (as defined in the Delaware UCC) in the Collateral Certificate in favor of the Indenture Trustee, which security interest is prior to all other liens, and is enforceable as such as against creditors of and purchasers from the Issuer.

• The Collateral Certificate constitutes either an “account,” a “general intangible,” an “instrument,” or a “certificated security,” each within the meaning of the Delaware UCC.

• The Collateral Certificate constitutes either an "account," a "general intangible," an "instrument," or a "certificated security," each within the meaning of the Delaware UCC.

• The Trustee argues that the Delaware UCC applies because the Debtor is a Delaware corporation.10For choice of law questions, I am required to apply the choice of law rules of the forum state.

• I note that while the Trustee argues that the Delaware UCC applies, he does not explain why the application of the Delaware UCC would compel a different result from the application of the relevant Pennsylvania UCC provisions.

More Definitions of Delaware UCC

Delaware UCC means the Uniform Commercial Code as in effect on the date hereof in the State of Delaware (without regard to laws referenced in Section 9-201 thereof); (iii) "UCC" means the New York UCC and the Delaware UCC, as applicable; (iv) "Transferred Receivables" means the Initial Receivables to the extent that a security interest in such Initial Receivables can be created and perfected under Article 9 of the UCC; (v) "Federal Book-Entry Regulations" means the United States Department of the Treasury's regulations governing the transfer and pledge of marketable securities issued by the U.S. Treasury and maintained in the form of entries in the TRADES book-entry system in the records of the federal reserve banks and set forth in 61 Fed. Reg. 43626 (1996) (codified at 31 C.F.R. Part 357), and the United States Department of Housing and Urban Development's regulations governing the transfer and pledge of securities issued by the Federal National Mortgage Association ("FNMA") or the Federal Home Loan Mortgage Corporation ("FHLMC") in each case maintained in the form of entries in the records of federal reserve banks and set forth in 62 Fed. Reg. 28975 (1996) (codified at 24 C.F.R. Part 81); (vi) "Securities Intermediary" means Bank of Tokyo-Mitsubishi Trust Company, solely in its capacity as a "securities intermediary" as defined in the UCC; and (vii) "Securities Accounts" means account numbers [ ], [ ], [ ], [ ], [ ], [ ] and [ ] established at the Securities Intermediary which we have been informed are, respectively, the Collection Account, the Note Payment Account, the Payahead Account, the Reserve Account, the Yield Supplement Account, the Pre-Funding Account and the Negative Carry Account established pursuant to the Sale and Servicing Agreement, to the extent such accounts are subject to Article 8 or 9 of the UCC and the Federal Book-Entry Regulations. We express no opinion as to the laws of any jurisdiction other than (i) the UCC, (ii) for purposes of opinion paragraphs 9 and 10, the Delaware Business Trust Act, and (iii) with respect to opinion paragraphs 13 and 14, the Federal Book-Entry Regulations. Based upon the foregoing and subject to the limitations, qualifications, exceptions and assumptions set forth herein, we are of the opinion that:

Delaware UCC shall have the meaning set forth in Section 4.2. “Direct Edge” shall have the meaning set forth in the recitals.

Delaware UCC has the meaning set forth in Section 2.7 hereof.

Delaware UCC is defined in Section 4.1(h).

Delaware UCC means the Uniform Commercial Code as in effect on the date hereof in the State of Delaware, and (iii) “District of Columbia UCC” shall mean the UCC as in effect on the date hereof in the District of Columbia (in each case, without regard to laws referred to in Section 9-201 thereof). All opinions expressed in this letter concerning the laws of the Province of Ontario and the federal laws of Canada applicable in Ontario have been given by members of the Law Society of Upper Canada and all opinions concerning the laws of the State of New York and the federal laws of the United States have been given by members of the New York State Bar.

Delaware UCC means the UCC as in effect on the date hereof in the State of Delaware;

Delaware UCC shall have the meaning specified in Section 7.18(l).